Citi predicts that the Federal Reserve will begin cutting interest rates in June
According to Jin10's report, Citigroup predicts that the Federal Reserve will start cutting interest rates in June, previously predicted for July. The total rate cut expected by 2024 is projected to be 125 basis points, up from the previous prediction of 100 basis points.
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Report: Marvell Technology is about to acquire optical module manufacturer Lumentum, and the deal may be announced as soon as next week
Lumentum has a market capitalization of approximately $8.3 billions, while Marvell Technology's market capitalization is around $22.1 billions. Following the announcement, Marvell's stock fell by over 8% in after-hours trading, while Lumentum rose by 11%. This acquisition may aim to streamline the supply chain and strengthen vertical integration—Marvell is currently a customer of Lumentum, and after the acquisition, it will gain control over key optoelectronic interconnect components, consolidating its strategic position in the AI data center hardware sector.
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